Centrica (LON:CNA) Price Target Raised to GBX 218

Centrica (LON:CNA) had its price objective hoisted by equities research analysts at Citigroup from GBX 200 to GBX 218 in a report released on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the integrated energy company’s stock. Citigroup’s target price would suggest a potential upside of 8.67% from the company’s previous close.

Separately, Royal Bank Of Canada upped their target price on Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Centrica presently has an average rating of “Moderate Buy” and an average target price of GBX 202.40.

Centrica Stock Performance

LON:CNA traded down GBX 0.40 on Wednesday, hitting GBX 200.60. The stock had a trading volume of 13,889,258 shares, compared to its average volume of 14,928,509. The stock has a market cap of £9.07 billion, a price-to-earnings ratio of -133.73, a price-to-earnings-growth ratio of 0.45 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 1.45 and a debt-to-equity ratio of 98.77. The business’s 50-day simple moving average is GBX 187.49 and its two-hundred day simple moving average is GBX 175.01. Centrica has a 52-week low of GBX 137.55 and a 52-week high of GBX 201.70.

Centrica (LON:CNA) last released its quarterly earnings data on Friday, February 20th. The integrated energy company reported GBX 11.20 earnings per share (EPS) for the quarter. Centrica had a net margin of 0.37% and a return on equity of 1.68%.

Insider Buying and Selling

In other Centrica news, insider Philippe Boisseau bought 1,116 shares of the company’s stock in a transaction on Monday, December 29th. The shares were bought at an average price of GBX 168 per share, for a total transaction of £1,874.88. Also, insider Frank Mastiaux purchased 7,544 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average price of GBX 190 per share, with a total value of £14,333.60. Insiders have purchased a total of 11,806 shares of company stock valued at $2,190,933 over the last quarter. 0.39% of the stock is currently owned by insiders.

Centrica Company Profile

Centrica is energising a greener, fairer future for our colleagues, customers and communities. Our integrated business operates across the energy value chain, with over ten million Retail customers, leading brands such as British Gas and Bord Gáis Energy, and the UK’s largest energy services workforce. Our Infrastructure businesses bring gas and electricity to the market every day and provide more than half of the UK’s gas storage capacity, while our Optimisation business delivers world-class procurement and route-to-market capabilities to the Group and third parties, supporting energy security and our customers’ decarbonisation journeys.